racial inequality
forbidden word project
image: bird bath bird bath © Holly Troy 9.2025
“Wealth can be defined as “the total value of things families own minus their debts.” In contrast, income can be defined as, “earnings from work, interest and dividends, pensions, and transfer payments.”[28] Wealth is an important factor in determining the quality of both individual and family life chances because it can be used as a tool to secure a desired quality of life or class status and enables individuals who possess it to pass their class status to their children. Family inheritance, which is passed down from generation to generation, helps with wealth accumulation.[30] Wealth can also serve as a safety net against fluctuations in income and poverty.[31]” – wikipedia
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